General Motors Corp., presenting a dire outlook for the future, said Tuesday it may need $30 billion in total government financing to weather the economic downturn and would cut 47,000 jobs worldwide and shutter five more U.S. factories in a massive restructuring plan.
Gm Seeks $30b In Aid, Plans To Cut 47,000 Jobs
Yahoo! Buzz: Top Business Stories, Yahoo Buzz: Business
Tue, 02/17/2009 - 4:22pm
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